You can check the status of the allotment through the BSE or by visiting the registrar’s website. Here is how you can check the status on the BSE or even on the registrar’s website.
First, here’s how you can find out your BSE status:
Step 1:Visit the BSE website (https://www.bseindia.com/investors/appli_check.aspx)Step 2:Select the issue name, i.e. the company name from the drop-down menu.
Step 3:Enter the application number or PAN number to check the allotment status.
To check the Interarch Building Products IPO allotment status through the registrar, which in this case is Link Intime India, follow the steps below.
Step 1:Visit Link Intime India website (https://ipo.bigshareonline.com/IPO_Status.html)Step 2: Select Interarch construction products IPO
Step 3:Enter the PAN details and click on search to know the status
Read also: Orient Technologies IPO opens for subscription. Should you bid?
Interarch GMP Construction Products
The company’s shares are expected to be listed on the stock exchanges on August 26. In the over-the-counter market, the company’s shares are trading at a GMP of Rs 365, which translates to a 40% premium over the issue price.
Subscription to the initial public offering of Interarch Building Products
He IPO The offering by Interarch Building Products GMP received an overwhelming response from investors with an overall subscription of 93.5 times at closing, driven by strong interest from non-institutional and institutional investors.
The proceeds from the new issue will be used to fund capital expenditures required for the start-up of the project, modernization of various manufacturing facilities, funding of investments in information technology assets, additional working capital requirements and general corporate purposes.
Interarch Building Products was established in 1983 and over the years the company has evolved into a turnkey PEB solutions provider, with integrated facilities for design and engineering, manufacturing and on-site project management capabilities for the installation and assembly of company supplied PEBs enabling it to offer comprehensive solutions to its customers.
The company’s revenue from operations for FY24 increased to Rs 1,293 crore from Rs 1,123 crore in the previous year, primarily due to an increase in revenue generated from pre-engineered construction contracts and sale of products through expansion of its sales and marketing presence in West Bengal and Telangana and diversification into new sectors/industries.
Profit after tax increased from Rs 81.46 crore for FY23 to Rs 86.26 crore for FY24. As of March 24, Interarch Building Products’ order book stood at Rs 1,153 crore.
Ambit and Axis Capital are the lead book-running managers for the issue, while Link Intime India is the registrar for the offer.
(Disclaimer:The recommendations, suggestions, views and opinions of the experts are their own and do not represent the views of the Economic Times)
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.